Here don't say I never gave you anything....!
http://gold-silver.us/forum/attachme...tid=7805&stc=1
You can thank me someday...
;)
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Here don't say I never gave you anything....!
http://gold-silver.us/forum/attachme...tid=7805&stc=1
You can thank me someday...
;)
Do we panic or laugh?
-204.91 as of 4:30pm
Closed at 15,666.44
The Goose Drank Wine
https://www.youtube.com/watch?v=FPquvsacG5M
ZH linkQuote:
Betting On "The End Of The World" Just Returned 2400% In One Day
On Friday afternoon, while the VIX was jumping as stocks were sliding, and well ahead of Monday's brief but systemic ETF failure which led to a VIX explosion, marketwide halts and a 1000 point Dow Jones collapse, we pointed out a disturbing event: someone was aggressively buying insurance against a market catastrophe by loading up on all the VIX September 50 calls they could get their hands on. In fact as of lunch time, some 625 calls had been purchased at a price of about a dime.
This is what we said last Friday:
Quote:
"what would be far scarier is if whoever is suddenly offering a nickel for the VIX Sept 50 calls actually knows something. Because if he "does", that would suggest a market move 'Straight out of Lehmam""
Fast forward to Monday, when we had a market move that was, drumroll, Straight out of Lehman indeed, and shockingly, the VIX 50 calls, which were bought when the VIX was trading at half that value, were briefly in the money!
http://www.zerohedge.com/sites/defau...824_vix1_0.jpg
And, as the chart below shows, in this case betting on the end of the world was perhaps the most profitable trade of the year: purchased on the offer at 10 cents, the calls traded as high as $2.50 one trading day later, a 2,400% return in one day. We tried to do an XIRR analysis what that return would look like annualized but Excel simply Reffed out.